Achieving climate goals and renewable targets first requires solving the storage conundrum
25th May, 2022; Source: World Economic Forum
India is racing to meet its 2030 climate goal by boosting renewable energy generation, requiring flexible battery storage systems to ensure simultaneous stability Its renewable energy ambitions will, in tandem, create jobs and boost the economy Challenges include keeping up with the rapid expansion of... Read More
Agility 2.0: How businesses can best negotiate a ‘perfect storm’
2nd May, 2022; Source: Livemint
The tragic conflict in Ukraine tells us an unpleasant home truth The world is a far edgier place now than it has been for decades and negotiating the many issues that have cropped up in quick succession requires greater flexibility, agility and collaboration than ever before—among governments, communities,... Read More
India’s Coal Crisis May Spur Shift to Clean Energy, ReNew Says
29th Apr, 2022; Source: Bloomberg
Shortages making coal power expensive, ReNew’s Sinha says India needs more renewables to avoid structural power deficit India’s power crisis is likely to accelerate adoption of renewables as shortages make coal-fired electricity more expensive, according to Sumant Sinha, chairman of the South Asian... Read More
India Inc will have to absorb inflation impact: ReNew’s Sumant Sinha
22nd Apr, 2022; Source: Business Standard
SUMANT SINHA, chief executive officer of ReNew and president of industry body Assocham, said private sector capex has already started picking up, especially in sectors like power In an interview with Arup Roychoudhury, Sinha said rising inflation will impact the margins of companies who will be unable to pass on all... Read More
17th Mar, 2022; Source: Business Standard
It's time to cushion India from the same 'oil shock' story With depressing familiarity, geopolitical conflict has again hit economies around the world, leading to a surge in oil prices and raising the spectre of hard-won economic recoveries unravelling The tragic conflict between Russia and Ukraine saw oil prices... Read More
Battery storage has a key role in India’s green push
10th Mar, 2022; Source: Business Line
Massive investments are needed in battery storage manufacturing Creating the right policy ecosystem is vital The momentum driving India’s transition to clean energy is accelerating From Prime Minister Narendra Modi’s commitment at COP26 to achieve 500 GW of non-fossil fuel installed electricity capacity by 2030... Read More
Green hydrogen policy is great, but we need more
25th Feb, 2022; Source: Mint
Our new policy is expected to reduce costs and aid exports but further measures could put us on an accelerated path to success Sumant Sinha is the chairman and chief executive officer of ReNew Power and president-designate of Assocham The announcement of the first phase of India’s Green Hydrogen policy last... Read More
A green Budget for long-term strong growth: Sumant Sinha, CEO, ReNew
2nd Feb, 2022; Source: Financial Express
Budget 2022, against the backdrop of a reviving economy, has started the process of creating a blueprint for steering the economy towards Amrit Kaal, a 25-year-long period of strong and sustainable growth in the buildup to India’s 100th year of independence Outlining four priority areas – PM Gati Shakti,... Read More
Sumant Sinha writes: Clean energy transition gets a boost in green budget
2nd Feb, 2022; Source: Money Control
The five key announcements are: an increase in the PLI scheme outlay for solar manufacturing; a boost to the energy storage ecosystem; creation of climate financing avenues; welcome power sector reforms; and a continued focus on energy access via decentralized clean energy India needed a budget that accelerated its... Read More
Clean, Green and Go! A Budget needed for India’s historic energy transition
31st Jan, 2022; Source: Economic Times
If the past year and the beginning of this one tell us something, it is that the FY23 budget could well have a strong clean energy and sustainability orientation The tone has already been set Earlier this month, Narendra Modi called for a ‘Pro-Planet People’ approach at a virtual Davos summit This followed the PM... Read More
